Month: September 2017

Mark Elias | Bloomberg | Getty Images An American Airlines Group Inc. 737 jet takes off from Miami International Airport (MIA) in Miami, Florida. Several airlines say they are taking steps to add capacity or lower prices. Most have also issued waivers to help travelers change plans. In a statement, industry group Airlines for America

Andrew Harrer | Bloomberg | Getty Images Stanley Fischer, vice chairman of the U.S. Federal Reserve The U.S. dollar fell against a basket of currencies on Wednesday after Federal Reserve Vice Chairman Stanley Fischer announced his resignation. The dollar index hit an eight-day low of 92.005 and hovered around that level at 11:31 a.m. in

Target is growing in the beauty department. The big-box retailer earlier this week unveiled an exclusive brand, building on its successes online, that’s about to hit the market. The collection, called Glow Studio, will feature four-step routine kits that simplify a typical 10-step Korean beauty regimen, making it more accessible to users. In launching Glow

If you’ve hated being forced to wait three days after selling a well-performing (or losing) investment to get your cash, you will likely get it a bit faster now. As of Tuesday, most broker-dealer securities transactions — i.e., stocks, corporate and municipal bonds, and exchange-traded funds — must settle within two business days instead of

A recent article in Fortune quotes an equity analyst who argues that Berkshire’s loss of two large acquisition opportunities this year “calls into question the effectiveness of their gentleman’s agreement acquisition strategy,” adding that unless something in Buffett’s negotiating tool box changes, it’s going to be difficult to maintain his reputation as a savvy and

Henrik Sorensen | Getty Images As passive investing becomes chic, outflows have increased from closed funds — which are now looking to open again. Managers of actively run funds can’t seem to get a break these days, and that includes closed ones. With the rise of passive investing, their business model and sales pitch for

The last few years have indeed been kind to indexers. According to the Standard & Poor’s Index vs. Active (SPIVA) Scorecard, a semi-annual report that compares actively managed funds to their benchmarks, active funds are lagging. According to the data, just 7.8 percent of large-cap funds, 5.6 percent of mid-cap funds and 6.8 percent of

Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding methods saw the price of the digital coin slump earlier this week. The virtual currency fell from $4,584 to $4,350 on Monday following the announcement of a regulatory clampdown on initial coin offerings (ICOs). Many start-ups rely on

Finnish mobile games and animation studio Rovio Entertainment Ltd is considering to list its shares in Helsinki, bourse operator Nasdaq said on Tuesday. Nasdaq did not give further details, but said Rovio was due to hold a press conference later on Tuesday. Following years of falling earnings, job cuts and restructuring, Rovio returned to profit

Ride-sharing challenger company Taxify is expanding into Western Europe in a bid to unseat Uber and bring greater competition to the market. Taxify will launch in London at 10:00 a.m. local time on Tuesday, September 5, and will offer fares at a 50 percent discount for the rest of the month as it aims to

While the ban on ICOs does not directly affect bitcoin, the news created negative market sentiment which is weighing on the prices of several virtual currencies, according to Charles Hayter, chief executive and founder of digital currency comparison website CryptoCompare. “A rising tide lifts all boats but the opposite is also true – with generally

Luke MacGregor | Bloomberg | Getty Images Pedestrians walk past the Bank of England (BOE) in the City of London, U.K. David Ramsden joined the Bank of England (BOE) Monday as deputy governor for markets, with analysts expecting the economist to stick to a dovish line for the bank and not opt for immediate rate

As a physical education (P.E.) teacher and a two-time contestant on the challenging obstacle-course competition “American Ninja Warrior,” Morgan “Moose” Wright is, of course, teaching his children to be physically fit. And he’s melding those lessons with financial fitness, as well. Wright, a 43-year-old elementary school teacher from North Fort Myers, Florida, made it to

Star Clippers’ five-masted, full-rigged 439-foot Royal Clipper looks like an old-fashioned sailing ship. Tucked inside are modern navigation systems, upscale accommodations and amenities, such as three swimming pools and supervised mast-climbing. The spa, health club and other areas of the ship’s Captain Nemo Lounge even have underwater glass portholes. When Star Clippers’ Flying Clipper, debuts

Jim Cramer is an expert at detecting a stock with an attractive growth story, even when it’s not the popular thing to do. After all, Wall Street is merely a fashion show with stocks falling in and out of favor quickly. “Solid growth stories are hard to come by, and when you find them, you

A Republican president and Republican Congress are threatening to do what President Barack Obama never could: raise taxes on the rich. In an interview with CNBC, White House economic czar Gary Cohn said that the tax plan taking shape in Washington would effectively raise taxes on the rich by getting rid of deductions and simplifying

In an interview with CNBC on Friday, White House economic czar Gary Cohn said that the main beneficiaries of a planned corporate-tax cut are workers. Touting the benefits of cutting the corporate-tax rate, he said it’s not just rich investors who stand to gain. He said pensions own most of the corporate stocks in the

Gas prices are moving higher as a result of Hurricane Harvey, but experts say they don’t expect the hike is enough to make Labor Day travelers change their plans. If you’re traveling, you’ll need to get smart about cutting your bill. On Friday, AAA put the average fuel price nationwide at $2.52 — topping what

Canadian yoga and leisure apparel maker Lululemon Athletica reported quarterly profit and sales on Thursday that topped expectations as online sales surged 30 percent thanks to an effort to beef up its e-commerce strategy, and the company raised its outlook. The results helped ease concerns the “athleisure” trend popularized by Lululemon may be cooling. Shares,